NORMA Group gearing up for growth in Asia-Pacific
(firmenpresse) - NORMA Group AG / Key word(s): Enterprise/
NORMA Group gearing up for growth in Asia-Pacific
DGAP-Media / 03.05.2012 / 09:15
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NORMA Group gearing up for growth in Asia-Pacific
- New offices in fast-growing markets Vietnam, Indonesia and the
Philippines
- Sales force and distribution network expanded in Malaysia, Thailand,
India and China
Maintal, Germany, 3 May 2012 - NORMA Group AG ('NORMA Group'), a global
market and technology leader in engineered joining technology, continues to
expand in Asia-Pacific with the opening of new offices and further
developing its distribution network across the region. With this step,
NORMA Group is increasing its distribution network in this region and sells
joining technology products through various distribution channels to
distributors, OEM aftermarket customers, technical wholesalers and hardware
stores.
The company opened a new office in Ho Chi Minh City (former Saigon) in
Vietnam in the beginning of 2012. Vietnam is considered to be one of the
next major growth countries in Asia-Pacific. In addition, representative
offices are to be established in Manila, Philippines, and in Jakarta,
Indonesia in May. With the new representative offices, NORMA Group is
venturing into new markets in the region to build brand awareness and
establish distribution partnerships throughout these countries.
Werner Deggim, CEO of NORMA Group, says: 'We are expanding our activities
in emerging markets in which we expect strong growth and new opportunities.
In doing so, we are able to service our local customers in an even better
way, while at the same time strengthening our sales and distribution
capacities in already existing markets.'
In countries such as Malaysia, Thailand, India and China where NORMA Group
has existing offices, the company is continually enlarging its sales teams
and building up distribution networks. Recently, a new sales office has
been established in Shanghai, China. Furthermore, in India NORMA Group has
intensified efforts in developing the business: With more than 30
distributors, the five major industrial regions are covered. Gearing up its
sales activities, NORMA Group supports the rising demand for its products
and solutions and secures its leadership position in engineered joining
technology.
In 2011, sales in Asia-Pacific were EUR 35.7 million. With the new offices,
NORMA Group is present in eleven countries in this region. In the financial
year 2012, NORMA Group expects sales growth for the Asia-Pacific region in
the high single-digit percentage range.
Additional information on the company is available on www.normagroup.com.
To download press pictures, please visit www.normagroup.com/press pictures.
Contact
NORMA Group AG
Daphne Recker
Media Relations
E-mail: daphne.recker(at)normagroup.com
Tel: +49 (0)6181 - 6102 743
About NORMA Group
NORMA Group is an international market and technology leader in engineered
joining technology. The company manufactures a wide range of innovative
engineered joining technology solutions in three product categories (clamp,
connect and fluid) and offers more than 35,000 high-quality products and
solutions to approximately 10,000 customers in 90 countries. NORMA Group
joining products can be found in vehicles, ships, trains, aircraft,
domestic appliances, engines and plumbing systems. NORMA Group generated
sales of around EUR 580 million in 2011. With around 4,400 employees, NORMA
Group operates a global network of 17 production facilities as well as
numerous sales and distribution sites across Europe, the Americas and
Asia-Pacific. NORMA Group has its headquarters in Maintal near Frankfurt am
Main, Germany. The company was formed in 2006 as a result of the merger
between the German Rasmussen Group and the Swedish ABA Group. NORMA Group
is listed on the German stock exchange since April 2011, and included in
the SDAX index since June 2011.
End of Media Release
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Language: English
Company: NORMA Group AG
Edisonstr. 4
63477 Maintal
Germany
Phone: +49 (0)6181-6102-741
Fax: +49 (0)6181-6102-7641
E-mail: ir(at)normagroup.com
Internet: www.normagroup.com
ISIN: DE000A1H8BV3
WKN: A1H8BV
Indices: SDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, München, Stuttgart
End of News DGAP-Media
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167865 03.05.2012
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Datum: 03.05.2012 - 09:15 Uhr
Sprache: Deutsch
News-ID 142137
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